China central bank to step up financing support for smaller firms

September 5, 2018

BEIJING (Reuters) – China’s central bank will improve its policy transmission mechanism to further step up financing support for smaller firms, its governor, Yi Gang, said in remarks published on Wednesday.

The People’s Bank of China will treat state-owned and private-owned firms equally on policies including credit and bond issuance, Yi said in a statement.

(Reporting by China monitoring desk and Kevin Yao; Editing by Clarence Fernandez)

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September 05, 2018 at 05:30PM
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